Beware! Here's how online scammers trick you and steal your money

With more and more people using the digital mode of transactions, online frauds have gone up as well. Here's how the online scammers fool you and steal your money.

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New Delhi: With internet penetration increasing and digital payments become common in cities, a lot of people have switched to the online mode of transaction. In order for speedy transactions, most people save their bank account, card details on their phones. With online transactions going up, online frauds have gone up as well.

Technology is just a source through which scammers steal your savings. Scammers often trap their victims by studying their online financial activity and their online behaviour. When people meet you in person you can judge them based on their physical personality and most times fraudsters and scammers are easy to identify in real life.

Scammers have this advantage online. They can pretend to be anyone from anywhere in the world behind the phone or laptop. It gives them an edge and a better chance to fool you. Since we never expect to be scammed online, it becomes even easier for scammers to fool people.

Here's how online scammers steal your money

Emotions: Scammers use their target's emotions to their disadvantage. A person is more prone to make hasty, irresponsible decisions under the influence of emotions. Fraudsters often use big trustworthy names, designations as they know you their targets are likely to trust them more. Once they have gained your trust, they can convince you to share your financial details.

Fear: People want to avoid legal proceedings or any kind of criminal record. Scammers often use telephone calls or emails where they try to convince their target that they have committed some crime accidentally and Income Tax Department might catch them soon. Then they assure the target that they can get him out of trouble if he shares some details with them.

Freebies: People love freebies, discount and deals which can benefit them financially and fraudsters use this to set up a trap. They often create well crafted believable emails which have details of discounts or deals offered to loyal customers. These type of emails often contain a link with a statement that 'discounts or deals can be availed through the website'. These websites are designed to copy your card details and account details.

Make sure that you do not share your account details with people. Always make sure that the website where you are supposed to make an online transaction is secure and is encrypted so that your data is stolen. Do not fall of deals that seem too good to be true because chances are that they are. Make sure that you have the orginal bank app in your phone since there are so many fake apps as well to fool people.

Beware! Here's how online scammers trick you and steal your moneyDescription:With more and more people using the digital mode of transactions, online frauds have gone up as well. Here's how the online scammers fool you and steal your money.Times Now